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Report Date : |
14.02.2012 |
IDENTIFICATION DETAILS
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Name : |
SUD ETANCHE SARL |
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Registered Office : |
35 Rue Abou Nouas, Hydra |
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Country : |
Algerie |
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Date of Incorporation : |
11.06.1998 |
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Com. Reg. No.: |
98B0002851 |
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Legal Form : |
Societe Anonyme Responsabilite Limitee. |
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Line of Business : |
Dealers in building materials, pharmaceuticals, personal care products, and also manufacture of sealants, tar, benzole and related products |
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No. of Employees : |
80 employees. |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Algeria |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Registered Name: SUD ETANCHE SARL
Requested Name: SUD ETANCHE
Other Names: None
Physical Address: 35 Rue Abou Nouas,
Hydra, Algerie
Postal Address: 35 Rue Abou Nouas, Hydra,
Algerie
Country: Algeria
Phone: 213-21602182/3129
Cell: 213-661506257/516103/770906223/63/4
Fax: 213-21603129/602182
Email: sarl_etanche@yahoo.fr/
contact@sudetanche.com
Website: www.sudetanche.com
Financial Index as of December 2011 shows subject firm
with a medium risk of credit. However, bank and credit information obtained
reveal a history of prompt payments. We recommend Credit of USD 80,000 on 90
days.
Legal Form: Societe
Anonyme Responsabilite Limitee.
Date Incorporated: 11-June-1998
Reg. Number: 98B0002851
Tax Number: 099716280739807
Nominal Capital DZD. 50,000,000
Subscribed Capital DZD. 50,000,000
Subscribed Capital
is Subscribed in the following form:
Position Shares
Mr. Abdelbaki Derouiche MD
Mr. Tarik Derouiche Director
Mr. Abdelmadjid Derouiche Director
Mr. Mourad Derouiche Director
Mr. Abdelhafid Derouiche Director
Mrs. Djamila Derouiche Director
Mrs. Fatiha Derouiche Director
Mrs. Rachida Derouiche Director
Mrs. Yamina Derouiche Director
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as dealers in building
materials, pharmaceuticals, personal care products, and also manufacture of
sealants, tar, benzole and related products
Imports: Asia,
Middle East, China
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: Various
firms and organizations
Employees: 80
employees.
Vehicles: Several
motor vehicles.
Territory of sales: Algeria
Location: Rented
premises, 5.000 square feet,
Auditors: Information not available.
Insurance Brokers: Information not available.
Currency Reported: Algerian Dinar (DZD.)
Approx. Ex. Rate: 1 US Dollar = 74.94 Algeria Dinar
Fiscal Year End: December
31, 2011
Inflation: According
to information given by independent sources, the inflation at December
31st, 2011 was of 13%.
Financial Information not Submitted
Profit and Loss (expressed in DZD.)
2010 2011
Sales 159,000,000 172,000,000
Bank Name: ABC BANK
Branch: Hydra, Algerie
Comments: None
Experiences: Good
None
This information was obtained from outside sources
other than the subject company itself and confirmed the above subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.32 |
|
|
1 |
Rs.77.84 |
|
Euro |
1 |
Rs.65.35 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.